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Jun 26, 2013
06/13
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in our cover story, president obama announced a series of measures to reduce greenhouse gas emissions, one of the causes of climate change. president obama invoked his executive authority to cut greenhouse gas emissions in a series of directives that require no action by congress. "i don't have much patience for anyone who denies that this challenge is real. we don't have time for a meeting of the flat earth society." mr. obama is instructing the epa to impose first-ever limits on carbon emissions from power plants, the interior department to expand renewable energy permits on public land and cut carbon pollution from vehicles in half by the year 2030. "what's going to happen is that oil is going to go lower and lower, and they'll find a way to increase it some way or another." greenhouse gases are trapped by the earth's atmosphere. the earth's temperature rises, melting polar ice and raising the intensity of storms and droughts. "all in all, it'll slow things down. temperatures may not go lower, but it'll slow the amount of warming that we're seeing." to pay for it, in part, the pres
in our cover story, president obama announced a series of measures to reduce greenhouse gas emissions, one of the causes of climate change. president obama invoked his executive authority to cut greenhouse gas emissions in a series of directives that require no action by congress. "i don't have much patience for anyone who denies that this challenge is real. we don't have time for a meeting of the flat earth society." mr. obama is instructing the epa to impose first-ever limits on...
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Oct 15, 2013
10/13
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which has president obama keeping the heat turned on high. "we've already had a damaging effect on our economy because of the shutdown, that damage would be greatly magnified if we don't make sure that the government's paying its bills and that has to be decided this week. " the government shutdown and debt ceiling uncertainty is having an immediate affect on employment...and not only among federal workers. as our cover story explains, claims for new jobless benefits are up. the government shutdown is reaching beyond furloughed government workers. a labor department report on american workers in the private sector, saw the biggest spike in nearly a year---a seasonally adjusted increase of 66-thousand claims, last week may be just the beginning. "the longer term affect is that companies may think the government could face this again very soon, so they are adopting a '"wait-and-see," cautious approach to the future." according to the labor department, some of the increase was due to a backlog of claims in california. but many states showed cont
which has president obama keeping the heat turned on high. "we've already had a damaging effect on our economy because of the shutdown, that damage would be greatly magnified if we don't make sure that the government's paying its bills and that has to be decided this week. " the government shutdown and debt ceiling uncertainty is having an immediate affect on employment...and not only among federal workers. as our cover story explains, claims for new jobless benefits are up. the...
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Jun 7, 2013
06/13
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plus, president obama meets with china's leader for crucial talks on cyber security. and, has the stock market hit the top? and could that mean a drop? first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, june 7th. i'm angela miles. it's the first friday of the month, making it a jobs friday. traders expect 159,000 jobs were added to payrolls and the unemployment rate will remain unchanged. ahead of the news, stocks staged a major comeback, and commodities rallied as well. after hours, gap shares continued to gain after posting same-store sales that rose 7%. starting this month, apple reportedly is launching its first iphone trade-in program. and protesters are trageting the chicago sun-times. the newpaper recently laid off its entire staff of photographers. scott bauer of trading advantage joins us now, and scott, are traders just ready to pounce all over this jobs number coming out today? - i'll tell you what, angie, yesterday at the close, there was just some massive buy orders
plus, president obama meets with china's leader for crucial talks on cyber security. and, has the stock market hit the top? and could that mean a drop? first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, june 7th. i'm angela miles. it's the first friday of the month, making it a jobs friday. traders expect 159,000 jobs were added to payrolls and the unemployment rate will remain unchanged. ahead of the...
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Sep 11, 2013
09/13
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KICU
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president obama presents his case to the nation for holding the leader of syrian accountable for a recent chemical weapons attack. in our cover story... the american wage war. some say living on welfare rivals flipping burgers. reactions to new apple iphones.. from main street to wall street. and, are you a sucker for a sob story? we look at the risks of becoming a "human atm" first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning! it's wednesday-- september 1 in today's first look: trading floors from lasalle street to wall street .. will pause at the start of the trading day for a moment of silence to remember the tragic events of september 11, 2001. the president offered words of hope to a possble peaceful resoltion to the syrian crisis in his prime time speech last night. ahead of his remarks.... ahead of the president's speech.. stocks took off with a the dow racingup 128 points, nasdaq 23 and s&p higher by 12. commodities collapsed -- with gold falling $22 dollars.. and oil losing $2.23.and, chipmaker texas inst
president obama presents his case to the nation for holding the leader of syrian accountable for a recent chemical weapons attack. in our cover story... the american wage war. some say living on welfare rivals flipping burgers. reactions to new apple iphones.. from main street to wall street. and, are you a sucker for a sob story? we look at the risks of becoming a "human atm" first business starts now! you're watching first business: financial news, analysis, and today's investment...
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Mar 8, 2013
03/13
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plus, president obama is busy meeting and eating with lawmakers. but who will pick up the tab for the nation's debt? and, as yahoo and best buy order employees into the office, will investors feel at home with the stocks? first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, march 8th. i'm angela miles in today's first look: february labors on. today's jobs data for february is expected to show 165,000 jobs were added, and the unemployment rate remains at 7.9%. into jobs friday, the dow ended the session with another record high. and the s&p 500 is about 20 points away from a record close. gold and oil also rallied. the fed's stess tests on banks shows ally financial was the only firm that might not be able to withstand a deep recession. the other 17 banks passed. goldman sachs and morgan stanely were near the bottom. pandora is still in tune with wall street. the company reported a $14-million loss after the close, but sales are up 54%, and the ceo is stepping
plus, president obama is busy meeting and eating with lawmakers. but who will pick up the tab for the nation's debt? and, as yahoo and best buy order employees into the office, will investors feel at home with the stocks? first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, march 8th. i'm angela miles in today's first look: february labors on. today's jobs data for february is expected to show 165,000 jobs...
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Feb 15, 2013
02/13
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president obama's minimum wage plan isn't sitting well with republicans. he plans to raise wages from $7.25 to $9 and connect the increases to inflation, meaning wages rise with the cost of living. house speaker john boehner and other republicans say those adjustments will make it less affordable for employers to hire more workers. google is facing criticism for tmi - "too much information." reporters are questioning the security of google wallet. that's the mobile app that lets consumers use their phone as a credit card. personal information like names, locations and email addresses are said to be given to third parties, including app developers, when consumers make a purchase. google defends its privacy settings, stating "the company shares information necessary to process a transaction." president obama is stepping up cyber security efforts in u.s. businesses. the president issued an executive order this week. it requests agencies set standards for companies with "sensitive infrastructures." those standards include updated anti-virus programs, being awa
president obama's minimum wage plan isn't sitting well with republicans. he plans to raise wages from $7.25 to $9 and connect the increases to inflation, meaning wages rise with the cost of living. house speaker john boehner and other republicans say those adjustments will make it less affordable for employers to hire more workers. google is facing criticism for tmi - "too much information." reporters are questioning the security of google wallet. that's the mobile app that lets...
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May 16, 2013
05/13
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. >>> president obama honored 143 fallen police officers including one from the annual police officer memorial. >> we can never repay our debt to these officers and their families. >> we must do what we can with all that we have to live our lives in a way that pays tribute to their memory. >> all of the officer who is died in the line of duty last year had their names in subscribed on a memorial wall this week. >>> 35 war veterans are about to get the honors they reserved after being unclaimed for decades. >>> the ashes were stored at santa rosa memorial park, some of them for generations. >> they served in world war 1 and 2, and viet nam. >> next monday, the veterans will be buried at the national cemetery in dixon with full military honors, including a 21 gun absolute. >>> caltrain plans to spoke the bolts in saltwater and stretch them, then see if any cracks develop. >> in they don't, the bolts might be deemed safe and left in place. >> some older bolts will have to be replaced or bypassed with the tie down saddle system. >>> i will not tolerate this kind of behavior in any agency.
. >>> president obama honored 143 fallen police officers including one from the annual police officer memorial. >> we can never repay our debt to these officers and their families. >> we must do what we can with all that we have to live our lives in a way that pays tribute to their memory. >> all of the officer who is died in the line of duty last year had their names in subscribed on a memorial wall this week. >>> 35 war veterans are about to get the honors...
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Oct 30, 2013
10/13
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>> in the hot seat of the woman in charged of the obama website in her testimony. >> i want to apologize to you that the website has not worked as well as it should. >> meanwhile new questions over promises made by obama. >> if you like your doctor, you can keep your doctor, if you like your healthcare plan, you will be able to keep your healthcare plan. >> that's not exactly the case for millions of americans in the individual insurance market. the majority of americans with individual plans will find their policy changed or cancelled under obamacare rules. >> one of the addressed issues of the affordable care act designed to address was the need to provide greater security those americans who had no other options. >> washington i am shannon travis, ktvu channel 2 news >>> . >>> looks like it is here to stay, rosemary. >> yeah , we have a chilly start tomorrow. in fact, halloween looks quite nice, i will show you that in the extended forecast. let's take a look at the current numbers. temperatures in the 50s. 50 half-moon bay and 54 in concord and 58 in santa rosa. these numbers are in
>> in the hot seat of the woman in charged of the obama website in her testimony. >> i want to apologize to you that the website has not worked as well as it should. >> meanwhile new questions over promises made by obama. >> if you like your doctor, you can keep your doctor, if you like your healthcare plan, you will be able to keep your healthcare plan. >> that's not exactly the case for millions of americans in the individual insurance market. the majority of...
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Jun 10, 2013
06/13
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- the obama administration - all of this is in obama's budget, his fiscal year '14 budget. and what he wants to do is he wants to pay down the deficit with it. so like the 9/11 tax, for example, which goes to pay for security, would be put toward - not all of it, obviously, but the increase - would be put toward deficit reduction. - how likely is this to actually happen, though? because congress shot the president down on this before. they said, "no way are we raising these prices." - that's right. we will definitely see a fight. i think as we speak there are lobbyists on capitol hill right now talking about killing it. but, i think we will see some of these. some of them will come in, because obviously the deficit reduction is a huge, important thing, and this is a way to get some of it. $100-per- flight fee, i don't think that will ever pass. - what about the airlines? what do they have to say? - oh my goodness! the airlines, who have been nickel-and-diming us for years now, are up-in- arms about this, obviously. it's going to have a huge impact. that $100 per flight, tha
- the obama administration - all of this is in obama's budget, his fiscal year '14 budget. and what he wants to do is he wants to pay down the deficit with it. so like the 9/11 tax, for example, which goes to pay for security, would be put toward - not all of it, obviously, but the increase - would be put toward deficit reduction. - how likely is this to actually happen, though? because congress shot the president down on this before. they said, "no way are we raising these prices." -...
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Jan 28, 2013
01/13
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KICU
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the obama administration is expected to appeal. a fresh audit of apple's supply chain reveals continuing labor problems. apple has conducted nearly 400 audits of its suppliers, including foxconn. investigations revealed cases of underage workers, discrimination and low wages. the company says it is cracking down on its most challenging labor issues. it will also investigate smaller suppliers. hostess brands are closer to finding a new home. the iconic twinkie company may dish out an agreement this week to sell its drake's cake business. flowers foods is expected to bid $390 million for wonder, butternut and other hostess bread brands, while bidders may be in the works for twinkie snack cakes. meanwhile, across the pond, the latest indicators show britain's economy shrank more than expected in the 4th quarter. the boost in the 3rd quarter for hotels and restaurants during the olympics wore off, and the shut down of a major oil field hit the economy. the country is said to be on the edge of a record triple-dip recession. investors in
the obama administration is expected to appeal. a fresh audit of apple's supply chain reveals continuing labor problems. apple has conducted nearly 400 audits of its suppliers, including foxconn. investigations revealed cases of underage workers, discrimination and low wages. the company says it is cracking down on its most challenging labor issues. it will also investigate smaller suppliers. hostess brands are closer to finding a new home. the iconic twinkie company may dish out an agreement...
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Sep 4, 2013
09/13
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obama. the house and and senate are expected to vote next week on authorizing an air strike against syria. a major shareholder of smithfield foods is going on the record to oppose the sale of the company to a chinese firm. the virginia-based smithfield is the world's largest pork producer. the company struck a deal last may to sell it's business china's shuanghui international for $7.1 billion. starboard value l-p owns nearly 6% of smithfield common stock and says shareholders are being shortchanged with the per- share price of $34. instead the company should be worth between $44 and $55. the number of wireless aquisitions recently--including microsoft's purchase of nokia, are aimed at one thing--the wireless future. our cover story look at who gains and who pays as companies position for what's next. microsoft's purchase of handset- maker nokia helps the software giant transition into a gadget and services company. it also lines up nokia's ceo stephen elop to return to microsoft and succeed
obama. the house and and senate are expected to vote next week on authorizing an air strike against syria. a major shareholder of smithfield foods is going on the record to oppose the sale of the company to a chinese firm. the virginia-based smithfield is the world's largest pork producer. the company struck a deal last may to sell it's business china's shuanghui international for $7.1 billion. starboard value l-p owns nearly 6% of smithfield common stock and says shareholders are being...
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Feb 6, 2013
02/13
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KICU
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president obama is looking for a few good techies. round two of the presidential innovation fellows program has just been announced. its goal is to use innovation techniques to tackle national issues. the fellows are assigned to work on a variety of sophisticated projects. in the first round of this program, 600 people applied in the first 24 hours. the application process is available at whitehouse.gov. united is applauding a record performance in january. it's reporting january 2013 was the best month for its operations in more than a decade. on average, nearly 80% of its international and domestic flights were on time. it comes following a challenging year for the airline, when computer glitches caused delays for thousands. the airline also lost customers. united execs say much of the problem stemmed from growing pains of merging with continental. the new blackberriess are making a strong connection with consumers in canada and britain. bloomberg news reports record orders are coming in for blackberry z-10s at canadian wireless car
president obama is looking for a few good techies. round two of the presidential innovation fellows program has just been announced. its goal is to use innovation techniques to tackle national issues. the fellows are assigned to work on a variety of sophisticated projects. in the first round of this program, 600 people applied in the first 24 hours. the application process is available at whitehouse.gov. united is applauding a record performance in january. it's reporting january 2013 was the...
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Nov 11, 2013
11/13
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president obama "questioned" whether the hiring spree "could" have been stronger. "there is no question that the shutdown harmed our jobs market. the unemployment rate still ticked up. and we don't yet know all of the data for this final quarter of the year, but it could be down because of what happened in washington. now that makes no sense." the president spoke friday in new orleans where he admitted the launch of healthcare.gov was marred by technical troubles. and suggested the state of louisiana take advantage of provisions in the affordable care act to expand medicaid to the working poor.that suggestion was quickly rejected by republican governor bobby jindal. the president went on to call on congress to approve government spending for roads, bridges and ports to increase exports from america. exports are picking up around the globe. in china -- shipments jumped in october, signaling solid economic recovery. china is now on track to meet its growth target for the year. in germany, a surge in exports is drawing criticism from european union officials. the coun
president obama "questioned" whether the hiring spree "could" have been stronger. "there is no question that the shutdown harmed our jobs market. the unemployment rate still ticked up. and we don't yet know all of the data for this final quarter of the year, but it could be down because of what happened in washington. now that makes no sense." the president spoke friday in new orleans where he admitted the launch of healthcare.gov was marred by technical troubles....
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Jan 31, 2013
01/13
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criticizing president obama. there have been people who say "i am not going to buy at whole foods anymore." does that matter to you? > > first of all, i never criticized president obama. i have never criticized president obama. i have questioned some of our economic policies, but i am not directly criticizing the president. i am not looking to be controversial. really i am just looking to be authentic and truthful. unfortunately a lot of times things get taken out of context, things get sensationalized. people just read those headlines. > but there is danger when you speak up, because people do overreact. > > we have not seen any negative impacts in our sales. i am not going out there trying to be a rabble rouser. i get interviewed, i get asked questions, i try to answer them truthfully. > john mackey from whole foods, thank you so much. > > thanks for having me on. still ahead, indie flicks are getting a spending boost from big budget studios. more on that next in movies and money. hey! did you know that honey n
criticizing president obama. there have been people who say "i am not going to buy at whole foods anymore." does that matter to you? > > first of all, i never criticized president obama. i have never criticized president obama. i have questioned some of our economic policies, but i am not directly criticizing the president. i am not looking to be controversial. really i am just looking to be authentic and truthful. unfortunately a lot of times things get taken out of context,...
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Nov 1, 2013
11/13
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president obama launches a plan to attract investors from abroad. in today's cover story..... why the public sector is going on a hiring spree.... and... how to sidestep some of the biggest holiday travel traps... plus.... in traders unplugged-- the guys tell us whether investing in digital money is worth the risk. first business starts now! good morning! it's friday, november 1st. in today's first look: stocks continue to drop. for the second session in a row the market fell. yesterday, the dow lost 73 points, the nasdaq 11, s&p 6. gold tumbled 27 dollars and oil 53 cents. still it was outstanding october. the s&p rallied 4.5% the nasdaq up 3.9% and dow up 2.8% amoung earning after the close-- aig and first solar. aig shares fell 3% on earnings that topped estimates but the sales number fell shy of estimates. first solar-- doubled profits and raised its outlook that stock shot up 7% as we wrap up the week, lincoln ellis of green square captial joins us now from the floora semigroup to talk about today's market action a hand what is your outlook for november? > well november w
president obama launches a plan to attract investors from abroad. in today's cover story..... why the public sector is going on a hiring spree.... and... how to sidestep some of the biggest holiday travel traps... plus.... in traders unplugged-- the guys tell us whether investing in digital money is worth the risk. first business starts now! good morning! it's friday, november 1st. in today's first look: stocks continue to drop. for the second session in a row the market fell. yesterday, the...
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Sep 18, 2013
09/13
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president obama has said he won't negotiate. republicans want to try raising the limit to eliminate social programs. this afternoon the federal reserve is likely to reveal some form of tapering on it's bond buying program that has been stimulating the economy.. eric lascelles-- chief economist with rbc global asset management is on set with us this morning. and will tapering hurt the economy eric? > >well, i think it already is hurting the economy. it hasn't started yet but the market's expected it. you might have noticed interest rates and borrowing costs have already risen in a big way and so we do see some effects. we see for instance mortgage refinancing down 70% from when the taper talks started. so there are some hits. i don't think its quite enough though to derail this recovery. the recovery continues just not quite as eagerly as quickly as it has. > >should the fed do this slowly or just all in and move? > >my preference would have been not to do it at all quite yet but obviously i'm not running the show here abnd so th
president obama has said he won't negotiate. republicans want to try raising the limit to eliminate social programs. this afternoon the federal reserve is likely to reveal some form of tapering on it's bond buying program that has been stimulating the economy.. eric lascelles-- chief economist with rbc global asset management is on set with us this morning. and will tapering hurt the economy eric? > >well, i think it already is hurting the economy. it hasn't started yet but the market's...
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Oct 22, 2013
10/13
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KICU
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president obama is angry about breakdowns on the new health insurance website. but adds some of the glitches were caused by some 20 million americans jumping on line to grab at the chance to buy low cost health insurance. from the white house rose garden monday-- president obama offered no fully admited-- the government's health care website set up for people who want to shop for health care insurance is not working well. but says the website issues should not be the only focus. let me remind you the affordable care act is not just a website. it's much more." the president notes --the act-- adds new benefits for people on medicare and medicaid, offers free mamagrams and birth control to woman, gives coverage to people with pre-existing conditions and allows students to remain on thier parent's health coverage unitl the age of 26. i have the priveledgto say i am the first person in the state of delaware to enroll for health insurance through the new marketplace. woo,hoo" small business owner janice baker says she too was frustrated when she went online to shop fo
president obama is angry about breakdowns on the new health insurance website. but adds some of the glitches were caused by some 20 million americans jumping on line to grab at the chance to buy low cost health insurance. from the white house rose garden monday-- president obama offered no fully admited-- the government's health care website set up for people who want to shop for health care insurance is not working well. but says the website issues should not be the only focus. let me remind...
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Aug 23, 2013
08/13
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president obama says america's colleges need to be more accountable for the value they provide students, their families and taxpayers. but as our cover story explains---he left open precisely how that value is measured. in buffalo, new york, president obama said rising costs are making college out of reach and a disturbing national trend reflects that---student loan default rates have now climbed above 9%--the highest it's been in 17-years. "bottom line is this, we've got a crisis in college affordability and student debt." so the president proposed the following reforms: first, a federal college value rating that could be tied to federal funding. second, the president wants to better prepare students for the global economy. but some fear that may curtail long-range thinkers in favor of short-term fixers. "we will essentially just graduate people responding to market demand but not create people who can see what's around the bend." thirdly, the president wants to make more graduates eligible to repay college debt gradually. "if we move forward...we'll help more afford college." at the u
president obama says america's colleges need to be more accountable for the value they provide students, their families and taxpayers. but as our cover story explains---he left open precisely how that value is measured. in buffalo, new york, president obama said rising costs are making college out of reach and a disturbing national trend reflects that---student loan default rates have now climbed above 9%--the highest it's been in 17-years. "bottom line is this, we've got a crisis in...
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Mar 20, 2013
03/13
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the senate banking committee is approving two of president obama's appointments. this week the committee voted unanimously to approve mary jo white as head of the sec. she is expected to be approved by the full senate later this week. meanwhile, the committee voted 12-to-10 on the nomination of consumer financial protection bureau head richard cordray. republicans may vote in order to block the nomination. some lawmakers have aruged they want more than one head to the bureau. the eyes of the sec and department of justice are on microsoft. according to the wall street journal, the probe involves microsoft's relationship with firms accused of bribing foreign officials in china, italy and romania. microsoft is not accused of any wrong doing. however, the sec is charging investment manager craig berkman with promising investors he had special access to pre-ipo stock in facebook, linkedin, zynga and groupon. berkman is accused of using their money to pay off earlier investors, similar to a ponzi scheme. ryan air ceo michael o'leary gives a colorful description of boein
the senate banking committee is approving two of president obama's appointments. this week the committee voted unanimously to approve mary jo white as head of the sec. she is expected to be approved by the full senate later this week. meanwhile, the committee voted 12-to-10 on the nomination of consumer financial protection bureau head richard cordray. republicans may vote in order to block the nomination. some lawmakers have aruged they want more than one head to the bureau. the eyes of the...
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Feb 20, 2013
02/13
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president obama turns up the heat on members of congress to avoid automatic cuts to federal funding that could start by the end of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, president obama called sequestration "a meat cleaver approach." "these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousand of americans to the unemployment rolls. this is not an abstraction; people will lose their jobs." automatic cuts in federal funding were meant to scare congress into compromise. at risk, fema grants to pay firefighters during disasters, loan guarantees to small businesses, fewer food inspectors, border patrols, and air traffic controllers, to name a few. "i've never taken the sequester seriously. it's a gimmick to reach agreement." economics professor lawrence officer thinks a deal is likely. "i'm not going to lose sleep over it. congress
president obama turns up the heat on members of congress to avoid automatic cuts to federal funding that could start by the end of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, president obama called sequestration "a meat cleaver approach." "these cuts are not smart, they...
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Apr 3, 2013
04/13
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president obama will lay out his full budget agenda next wednesday, but until then, he's offering bits of his budget to the media. part of the plan calls for $100 million in research to cure brain disorders such as alzheimers. recently, the wall street journal reported president obama is leaning toward limits on social programs, which were first offered to republicans back in december. members of the gop are already saying the budget won't win approval of the republican-controlled house. americans are shrugging off the nation's economic drama and buying lots of new cars. gm sales were up 6.4% in march, ford up 6% and chrysler 5%. toyota's gains were a little more anemic at just 1%. despite news headlines about the fiscal cliif, sequestration and budget shortfalls, car sales in the first quarter beat expectations. edmunds.com says it is raising its auto sales forecast to 15.5 million cars in 2013. 'i think that there's growth potential to go beyond this year as well. we're still not back to pre-recession levels in terms of the number of sales per driver. we've had driver population grow
president obama will lay out his full budget agenda next wednesday, but until then, he's offering bits of his budget to the media. part of the plan calls for $100 million in research to cure brain disorders such as alzheimers. recently, the wall street journal reported president obama is leaning toward limits on social programs, which were first offered to republicans back in december. members of the gop are already saying the budget won't win approval of the republican-controlled house....
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Dec 6, 2013
12/13
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president obama is turning to young people in his p-r blitz touting the benefits of obamacare. at a white house youth summit encouraged the group to sign up for health coverage. the healthy younger generation is viewed as key to the success of the afforable care act to offset older americans with a higher risk of health issues. a new harvard poll shows that fewer than a third of young people intend to sign up for health insurance through the new exchanges.however, the president is urging 20 somethings to move past the negative publicity that followed the botched rollout of the "federal" healthcare.gov site. the product is good. it is affordable. people want financial stability of health insurance. we're going to keep working through any glitches, problems that may come up. this is a big deal, to quote joe biden. the president compared the struggle starting up the nation's new healthcare system to the civil rights movement. now turning to sad news about one of the ultimate civil rights pioneers -- nelson mandela, an enduring world icon of peaceful resistance, has died mandela fa
president obama is turning to young people in his p-r blitz touting the benefits of obamacare. at a white house youth summit encouraged the group to sign up for health coverage. the healthy younger generation is viewed as key to the success of the afforable care act to offset older americans with a higher risk of health issues. a new harvard poll shows that fewer than a third of young people intend to sign up for health insurance through the new exchanges.however, the president is urging 20...
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Jul 9, 2013
07/13
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still to come, the obama administration is betting big on africa. up next, a possible way to profit on that play is coming up in chart talk. th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is time to get help. please join the obesity action coalition and acknowledge obesity as a disease for acceptance, for access to all effective treatments, including diet and exercise, pharmacotherapy and weight-loss surgery for obese adults with at least one obesity related comorbid condition. visit obesity action dot org and sign an open letter pledging your support and for more information abo
still to come, the obama administration is betting big on africa. up next, a possible way to profit on that play is coming up in chart talk. th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i...
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Oct 21, 2013
10/13
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president obama is promisng to stay on the sidelines as congress deals with the budget. the gop took a hit from last week's battle on the hill over the deficit and the government shutdown. usa today reports: during the july to september fundraising period-- contributions dropped by two thirds for house republicans elected in 2010. meanwhile politico reports -- hedge fund billionaire paul singer is already heading up discussions for plans to raise funds for the midterm elections. investors will closely watch for news this week on the f-35 fighter jet made by lockheed martin. reuters reports--- today-- top pentagon officials will begin reviewing the $392 billion dollar cost of building and operating the f-35s-- as well as considering ideas on driving down expenses. lockheed shares have been rising for the past 6 months. boeing is slowing production on its 747 jumbo jets for the second time this year. the company already cut production in april due to weaker demand, especially for passenger versions. boeing says it will now build 18 of the jets per year, or about 1.5 per mo
president obama is promisng to stay on the sidelines as congress deals with the budget. the gop took a hit from last week's battle on the hill over the deficit and the government shutdown. usa today reports: during the july to september fundraising period-- contributions dropped by two thirds for house republicans elected in 2010. meanwhile politico reports -- hedge fund billionaire paul singer is already heading up discussions for plans to raise funds for the midterm elections. investors will...
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Jul 23, 2013
07/13
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president obama begins the first round of his fiscal fight with congress tomorrow. he will deliver a speech in galesburg, illinois. the president is expected to outline his economic agenda there and set up for a battle with the republican-dominated congress. white house aides say the president will talk about the nation's progress since the financial crisis hit 5 years ago, where he wants to lead next, and ways to create a more prosperous middle class. republicans say the president will fail to offer new ideas. as traders await apple's earnings out today, the company is reportedly shifting its screen sizes. according to the wall street journal, apple is testing out larger ipad and iphone screens. second-quarter results roll in after the bell, with analysts expecting earnings to come in flat. investors pay close attention to apple's sales numbers. it's projected the company is selling fewer ipad minis and iphones. also, the tech giant did not unveil a blockbuster product in the quarter. the stock closed slightly higher at $426 ahead of today's annoucement. inside and
president obama begins the first round of his fiscal fight with congress tomorrow. he will deliver a speech in galesburg, illinois. the president is expected to outline his economic agenda there and set up for a battle with the republican-dominated congress. white house aides say the president will talk about the nation's progress since the financial crisis hit 5 years ago, where he wants to lead next, and ways to create a more prosperous middle class. republicans say the president will fail to...
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Apr 23, 2013
04/13
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- the obama administration started to get rid of millions, in fact, tens of millions, in fact, probably we're over a hundred million now. but we can do a lot more to take away those hours, and that can free up people to do their real work and spend time with their families. - is this, in fact happening? because the subtitle of your book, you say it is the future of government. is this ultimately what is going to happen? - i think there are two things: first, the last four years have seen quiet but significant steps in the direction of greater simplification. people are seeing that in lots of domains. kids who were trying to apply for college and get financial aid, small businesses that are trying to get loans, people who have been relieved of formerly burdensome regulations. but a lot more needs to be done. the 21st century should involve a lot more in the way of ease and simplification using the technologies we now have that are really unprecedented to make it much simpler to interact with the government. - sort of taking it from the paper-and-pencil age into the modern i.t. age. it so
- the obama administration started to get rid of millions, in fact, tens of millions, in fact, probably we're over a hundred million now. but we can do a lot more to take away those hours, and that can free up people to do their real work and spend time with their families. - is this, in fact happening? because the subtitle of your book, you say it is the future of government. is this ultimately what is going to happen? - i think there are two things: first, the last four years have seen quiet...
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Feb 28, 2013
02/13
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president obama's pick to head the securities and exchange commission is catching flack from congress. in january, the president named mary jo white as his pick for the job. now, the new york times reports, senate banking committee members are asking white to answer detailed questions regarding her past experience. lawmakers are concerned due to white's time spent representing wall street as a defense attorney. white responded, stating she has an established track record and a reputation of being tough but fair. she will attend a senate confirmation hearing on march 11th. boeing is running lab tests on lithiom-ion batteries for its 787 jets, grounded since january. but the faa wants to see the results of those tests before deciding whether to allow test flights. some published reports indicated that federal regulators were close to allowing those flights, but that was refuted by the faa. the ceo of apple is still avoiding money talks. yesterday, apple shareholders gathered for the tech giant's annual meeting. ceo tim cook would only reiterate that the board is holding "active talks" o
president obama's pick to head the securities and exchange commission is catching flack from congress. in january, the president named mary jo white as his pick for the job. now, the new york times reports, senate banking committee members are asking white to answer detailed questions regarding her past experience. lawmakers are concerned due to white's time spent representing wall street as a defense attorney. white responded, stating she has an established track record and a reputation of...
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Jan 15, 2013
01/13
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more than 25,000 people have signed this on-line petition asking president obama to fire the presidenter who pursued swartz for two years. >> is it like shoplifting from a video store or loaning a video to a friend. >> reporter: this is video of aaron swartz taken last summer. >> there is a battle going on right now to define everything that happens on the internet. >> reporter: his passion for open access is evident, but his actty vim got him into trouble with the lay. >> the fact he was indicted and charged with 13 felonies for a possible 35 years in jail just really seems completely out of proportion with trying to share knowledge. >> reporter: prosecutors had charged him for allegedly hacking into a website and downloading millions of documents. his trial was scheduled for april. >> it sounds to me like a case of the mrs. being overzealous, especially considering the crime he supposedly committed. >> reporter: swartz committed suicide last friday in new york. tonight, the tech community is mourning the loss of the 26- year-old prod gee, possibly best known for reddit. >> there's no o
more than 25,000 people have signed this on-line petition asking president obama to fire the presidenter who pursued swartz for two years. >> is it like shoplifting from a video store or loaning a video to a friend. >> reporter: this is video of aaron swartz taken last summer. >> there is a battle going on right now to define everything that happens on the internet. >> reporter: his passion for open access is evident, but his actty vim got him into trouble with the lay....
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Jan 14, 2013
01/13
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the obama administration is seeking information from the industry on factors that influence violence following last month's shootings in newtown, conneticut. salaries for new grads are on the rise. the job market is still lagging, but starting salaries for 2012 college grads are up 3.4% according to a new survey. salaries in education grew the most, at 5.4% over last year. the average salary ranges from the mid-30s for health and human service jobs to 60 thousand dollars for engineering grads. the famous grauman chinese theater in hollywood has a new name. it will now be called the tcl chinese theater, after chinese tv-maker tcl bought naming rights to the 85-year- old theater. it is an icon of hollywood and draws about 4 million visitors each year for red-carpet premiers. tcl's ceo hopes a hollywood presence will increase the company's profile and better connect the cultures of china and north america. still to come, zoning in on the trading floor. a look at how traders pushed to take big bets. that's later. but first, the shocking truth over the web of lies about flame retardents.
the obama administration is seeking information from the industry on factors that influence violence following last month's shootings in newtown, conneticut. salaries for new grads are on the rise. the job market is still lagging, but starting salaries for 2012 college grads are up 3.4% according to a new survey. salaries in education grew the most, at 5.4% over last year. the average salary ranges from the mid-30s for health and human service jobs to 60 thousand dollars for engineering grads....
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Jan 11, 2013
01/13
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the nomination process for the next treasury secretary is moving forward with president obama naming jack lew as his pick. "i trust his judgement, i value his friendship, i know very few people who have greater integrity than the man to my left." lew currently serves as the chief of staff in the obama administration and could become treasury secretary when timothy geithner leaves later this month. joining us now via skype with insights is jim bianco of bianco research. how is wall street responding? > > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at citibank for a couple of years around the time of the financial crisis. > do you think the republicans will go along with
the nomination process for the next treasury secretary is moving forward with president obama naming jack lew as his pick. "i trust his judgement, i value his friendship, i know very few people who have greater integrity than the man to my left." lew currently serves as the chief of staff in the obama administration and could become treasury secretary when timothy geithner leaves later this month. joining us now via skype with insights is jim bianco of bianco research. how is wall...
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Dec 3, 2013
12/13
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the healthcare dot gov website has met the obama administration's self-imposed deadline for improvements -- that's latest word from the white house. kathleen sebellius, the secretary of health and human services, cautions users will still encounter problems during the next several months as repairs continue. by the numbers...the white house says the troubled site is now working 90% of the time --compared to 43% in october. 375-thousand people visited the site by noon monday. the president says the site it prepared to sign up 800,000 people per day. it can handle at 50,000 users at one time. reports says 100,000 applicants were processed through the federal exchange during november. bernie madoff's former right- hand-man has turned into the star witness for the prosecution against madoff's former employees. frank di-pascali was madoff's finance chief for many years. he testified yesterday against five former co-workers. those former madoff employees have pleaded innocent and claim they were tricked by their former boss. di-pascalli tells the court- madoff's laid the ground work for his $1
the healthcare dot gov website has met the obama administration's self-imposed deadline for improvements -- that's latest word from the white house. kathleen sebellius, the secretary of health and human services, cautions users will still encounter problems during the next several months as repairs continue. by the numbers...the white house says the troubled site is now working 90% of the time --compared to 43% in october. 375-thousand people visited the site by noon monday. the president says...
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Aug 7, 2013
08/13
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in today's cover story, why president obama is ready to bid farewall to mortgage lenders fannie mae and freddie mac. plus, why you should consider investing in countries that have yet to catch up to america's prosperity. and, getting ready for groupon: how one trader is hoping for the best and preparing for the worst. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's wednesday, august 7th. i'm angela miles. in today's first look: a summer stock slide. stocks fell yesterday, with the dow down 139 points. it recovered, but still closed 93 points lower. ibm was one of the biggest losers. the nasdaq dropped 27 points, the s&p slipped below 1,700, gold pushed back $19, and oil $1.13. bank of america is one to watch today. the department of justice is suing over the firm's mortgage-backed securities. first solar and ge are striking a deal. first solar will buy ge's technolotgy for making thin film panels. in exchange, ge will receive 1.75 million shares of first solar stock. the stock fell 9% last night after
in today's cover story, why president obama is ready to bid farewall to mortgage lenders fannie mae and freddie mac. plus, why you should consider investing in countries that have yet to catch up to america's prosperity. and, getting ready for groupon: how one trader is hoping for the best and preparing for the worst. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's wednesday, august 7th. i'm angela miles. in...
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Oct 25, 2013
10/13
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president obama urges action on immigration will he get a breakthrough... in today's cover story.... why wal mart is addressing a costume controversy plus....going home for the holidays will be more expensive this year... and in traders unplugged... the guys turn to zombie trading.. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's thursday, october 24th. i'm angela miles. in today's first look: tech in check! amazon, microsoft and zynga all amazed wall street with strong earnings after the close. that could bode well for trading today-- after stocks and commodities gained upward momentum in thursday's session. twitter hopes to raise up to $1.6 billion in its ipo next month. the stock may price around $17 to $20 per share. reports says wells fargo is prepared to give a late fee break to homeowners who missed the deadline on their mortgage payments -- due to the government shutdown. scott shellady of trean joins us now. he's had a chance to dissect what's going on with earnin
president obama urges action on immigration will he get a breakthrough... in today's cover story.... why wal mart is addressing a costume controversy plus....going home for the holidays will be more expensive this year... and in traders unplugged... the guys turn to zombie trading.. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's thursday, october 24th. i'm angela miles. in today's first look: tech in check!...
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Dec 27, 2013
12/13
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president obama signs a bipartisan budget deal while vacationing in hawaii. it eases military cuts under the sequester, but pares down pension increases. it also combats sexual assault among troops. and gasbuddy-dot-com predicts gas prices will be temperate in 20-14 but may spike to just below four-dollars a gallon by spring let's get our day started with ben lichtenstein of traders audio good morning ben! >>good morning. >>new record highs in the market yesterday. what's all the fuss about? >>well, higher highs and higher lows for the most part. i think it's just a continuation of the pattern that we have been seeing in this holiday market. it's been kind of a thin trade but you have to give it to the bulls. again, conviction to the upside. basically zero in terms of any real pullback and zero in terms of any real rejection. we saw the jobless claims come in a little bit lower than expected but for the most part that wasn't the real catalyst. we saw some divergent type activity developing throughout the day. the nasdaq just didn't want to partcipate. the rus
president obama signs a bipartisan budget deal while vacationing in hawaii. it eases military cuts under the sequester, but pares down pension increases. it also combats sexual assault among troops. and gasbuddy-dot-com predicts gas prices will be temperate in 20-14 but may spike to just below four-dollars a gallon by spring let's get our day started with ben lichtenstein of traders audio good morning ben! >>good morning. >>new record highs in the market yesterday. what's all the...
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Jan 4, 2013
01/13
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president obama has said he has no plans to negotiate the debt limit with congress, leaving america back on the brink. juli neimann of smith moore and company is on the line with us with some thoughts on that. good morning. what will that mean for money managers? "this should be nothing more than a procedural vote, and if they don't go along with it and pull the stunt that they did in 2011, this really could throw the debt market into a problem. the big problem is the federal reserve is completely out of ammunition, so we are looking at a situation where if they are not in there supporting interest rates, you are going to see the market react and probably react badly. so investors and advisors could be in a rising interest rate environment before it really is due." thanks, juli. from new jersey northward, there's plenty of people hoping the newly-elected members of the house respond to disaster relief better than their outgoing predecessors. members of the 113th congress were sworn in thursday, a day after house majority leader john boehner put off a floor vote on $60 million approved by
president obama has said he has no plans to negotiate the debt limit with congress, leaving america back on the brink. juli neimann of smith moore and company is on the line with us with some thoughts on that. good morning. what will that mean for money managers? "this should be nothing more than a procedural vote, and if they don't go along with it and pull the stunt that they did in 2011, this really could throw the debt market into a problem. the big problem is the federal reserve is...
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Oct 28, 2013
10/13
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the obama administration sets a deadline to get the obamacare website working again. in our cover story today.... a retailer synonymous with luxury, is accused of racial profiling. plus...we'll hear the analyst who predicts we're headed into a new era of low gas prices. and.... a critical few days ahead for tech. what one trader is seeing in the charts, that he likes. that's all ahead on today's first business! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's monday the 28th of october and i'm bill moller. angela miles is off today. in today's first look: analysts expect the technology run, should run on. the pace was set last week by amazon and microsoft. the baton is passed this week to apple and linkedin. the markets open this morning with a lot of positive energy. the dow starts trading about 120 points from its all time high. a 13 year high for the nasdac and that there is a record high for the s&p 500. for 2 weeks straight, gold closed higher. energy stocks were up friday though they posted a loss for the
the obama administration sets a deadline to get the obamacare website working again. in our cover story today.... a retailer synonymous with luxury, is accused of racial profiling. plus...we'll hear the analyst who predicts we're headed into a new era of low gas prices. and.... a critical few days ahead for tech. what one trader is seeing in the charts, that he likes. that's all ahead on today's first business! you're watching first business: financial news, analysis, and today's investment...
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Jun 8, 2013
06/13
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. >>> continuing coverage now of president obama's short visit to the bay area. the president left on air force one for moffitt field 10:00 this morning. he was heading to southern california. the president was here for fundraisers and to talk about his healthcare plan. what ended up dominating the headlines was actually the president's defense of the government surveillance of millions of americans. ktvu janet k is here with a look at the controversy. >> reporter: president obama said the secret surveillance has been a useful tool to fight terrorism. critics say it's being asked to trust the government's actions without oversight. i'm profoundly opposed to this. >> reporter: the secret surveillance has drawn out differing opinions. >> nobody is listening to your telephone calls. >> reporter: president obama said his administration is trying to balance national security and privacy. >> you can't have a hundred percent security and also then have a hundred percent privacy and zero inconvenience. >> reporter: this week a u.s. intelligence document surfaced showing
. >>> continuing coverage now of president obama's short visit to the bay area. the president left on air force one for moffitt field 10:00 this morning. he was heading to southern california. the president was here for fundraisers and to talk about his healthcare plan. what ended up dominating the headlines was actually the president's defense of the government surveillance of millions of americans. ktvu janet k is here with a look at the controversy. >> reporter: president...
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May 20, 2013
05/13
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president obama stands opposed to the keystone xl pipeline, which would carry tar sands oil from canada to the gulf, because it could harm the enviroment. on friday, the president told a crowd at an equipment company in baltimore he's using a "presidential memorandum" to cut through red tape for his infrastructure projects. "i want to put people back to work improving our roads, our bridges, our airports." the president says he will continue to try to work with both parties to get progress out of congress. relaxed rules on fracking are causing a bigger divide between the obama administration and environmental groups. the u.s. department of the interior wants to lessen some requirements on companies drilling for oil and gas. the new rules allow companies to use more than one method to ensure that a well is safe. they are now required to report the list of chemicals used, but not until after drilling. environmental groups say the weaker rules protect the industry, and not people. in europe, car sales appear to be turning a corner. new car registrations zipped up 1.7% in april compared to
president obama stands opposed to the keystone xl pipeline, which would carry tar sands oil from canada to the gulf, because it could harm the enviroment. on friday, the president told a crowd at an equipment company in baltimore he's using a "presidential memorandum" to cut through red tape for his infrastructure projects. "i want to put people back to work improving our roads, our bridges, our airports." the president says he will continue to try to work with both parties...
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Nov 25, 2013
11/13
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president obama will be on the west coast this week. today-- the president is expected to make a speech about the importance of passing immigration reform. he will speak from a parks and recreation center in san francisco's china town.. then on tuesday-it's on to hollywood where he will likely talk about job creation in the movie and tv industry with a stop at dreamworks animation home of the hit film shrek. the president is also planning fundraising stops in california. one report says tickets to his events are selling at a discount. hiring is picking up nationwide. job postngs and hiring rose to five year highs in september. help wanted postings increased 69-thousand to 3.9 million , the most since march of 2008. hiring jumped 26-thousand to 4.6 million, the most since august of 08. the hottest hiring is in construction, retail, trade, transportation, and professional and business services. jp morgan will pay that record $13 billion dollars settlement by in a mortgage securities scandal . bank of america could also pay up for loans so
president obama will be on the west coast this week. today-- the president is expected to make a speech about the importance of passing immigration reform. he will speak from a parks and recreation center in san francisco's china town.. then on tuesday-it's on to hollywood where he will likely talk about job creation in the movie and tv industry with a stop at dreamworks animation home of the hit film shrek. the president is also planning fundraising stops in california. one report says tickets...
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Jul 18, 2013
07/13
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and the filibuster in the senate has ended, allowing president obama's nominee to the labor deparment, thomas perez, to move forward with his confirmation. todd horwitz of average joe options is all over the trading market for us this morning. good morning, todd. - good morning. how are you? - i am doing wonderfully well. what about comments from the fed. stocks moved higher as ben bernanke was on capitol hill yesterday. what will it mean for today's trading? - you know, i don't think he said a lot, and he's still got another full day of testimony today. i think yesterday he accomplished exactly what he wanted - a market that had no volatility and low volume and is really just kind of stuck in the middle here. i think that's what he's trying to accomplish. why the fed is trying to trade the market, i don't know. - ben bernanke has made it clear to all about the labor market. so does that mean you pay extra attention to what's happening with jobless claims out today? - no, i don't think so, because i think that ben bernanke and the fed keep changing what they're looking for and decidin
and the filibuster in the senate has ended, allowing president obama's nominee to the labor deparment, thomas perez, to move forward with his confirmation. todd horwitz of average joe options is all over the trading market for us this morning. good morning, todd. - good morning. how are you? - i am doing wonderfully well. what about comments from the fed. stocks moved higher as ben bernanke was on capitol hill yesterday. what will it mean for today's trading? - you know, i don't think he said a...
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Jan 15, 2013
01/13
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in the final news conference of his first term, president obama told reporters the u.s. can't afford a drawn-out debate over raising the debt ceiling, which could reach its lmit in mid february. "raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them." president obama warns that if the debt limit is not raised or used as leverage by republicans, markets would go haywire, interest rates would rise, and checks to military veterans and people on social security would end. gop senate minority leader mitch mconnel reponded by saying, "the president and his allies need to get serious about spending, and the debt-limit debate is the perfect time for it." traders will get their first opportunity to react to comments at the market close yesterday by federal reserve chairman ben bernanke. among the highlights, the fed chair says, the federal government is not out of ammunition, the fed's bond-buying program is not li
in the final news conference of his first term, president obama told reporters the u.s. can't afford a drawn-out debate over raising the debt ceiling, which could reach its lmit in mid february. "raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them." president obama warns that if the debt limit is not raised or used as...
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Aug 6, 2013
08/13
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the obama administration says it overturned a u.s. international trade commission ruling in order to prevent harm to consumers. if it hadn't gotten involved, apple would have been banned by the itc from selling older iphones and ipads in the u.s. but samsung, which claims apple infringed on its patent protection, will still be allowed to seek monetary damages. "the patent is so broad. if successful, they take that win and pound on everyone else. so it's not just apple." tech analyst rob enderle says the first such itc veto in decades marks the end of an era of keeping products off shelves due to violating "standard- essential patents," or those broad inventions covering basic functions - in this case, connecting to a wireless network. "these broad patents shouldn't be allowed, because they would curtail large portions of the industry and keep those portions from being competitive, and we do desperately need competition. you get one vendor that owns smartphones, and prices would go through the roof." "if someone invents broadly, they s
the obama administration says it overturned a u.s. international trade commission ruling in order to prevent harm to consumers. if it hadn't gotten involved, apple would have been banned by the itc from selling older iphones and ipads in the u.s. but samsung, which claims apple infringed on its patent protection, will still be allowed to seek monetary damages. "the patent is so broad. if successful, they take that win and pound on everyone else. so it's not just apple." tech analyst...
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Sep 24, 2013
09/13
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president obama will speak to members of the u-n today. he will likely seek diplomacy in the syria situation. the presdient of iran will also be speaking. the chicago tribune reports citigroup is cutting 1,000 mortgage jobs.and chrysler has filed for an ipo. the company is partially owned by fiat. let's get the ball rolling this morning with michael gurka of spectrum asset management. he 's on the floor of cme group. good morning micheal, it's been a while. > >good morning. > >what do you think is behind most of the buying and selling in the market right now? what are some real market moving catalysts out there? > >clearly the market is still getting a lot of euphoria out of the bag here from the letdown by the fed last week. you saw it in the markets yesterday as the s &p was down. the broad market was down. crude oil down over a dollar and of course metals themselves. so this risk off trade is back on and i think also the pessimism is starting to grow on the market due to the fact it seems as though interest rates though being lower due
president obama will speak to members of the u-n today. he will likely seek diplomacy in the syria situation. the presdient of iran will also be speaking. the chicago tribune reports citigroup is cutting 1,000 mortgage jobs.and chrysler has filed for an ipo. the company is partially owned by fiat. let's get the ball rolling this morning with michael gurka of spectrum asset management. he 's on the floor of cme group. good morning micheal, it's been a while. > >good morning. > >what...
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Jun 28, 2013
06/13
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the obama administration says the country is not taking steps to afford recognized worker rights. the american held hostage by his own workers in china is free again. chip starnes, co- owner of specialty medical supples, went to china to lay off 30 employees as he moves a manufacturing division to india to lower production costs. employees demanded severance packages and back pay, and barricaded him inside the plant. on thursday morning, they reached an agreement and starnes was set free. the plant will continue to operate with new workers, including some of starnes' captors. in our cover story, the millennial party known as "techweek" has kicked off in chicago. a lot of d-js, after- hours parties, and, during the day, a gathering of high-tech creators hoping to draw attention and, if they show promise, perhaps investment. put an ipad on a roomba and control both from an iphone and you've got a relatively inexpensive robotic camera, helping real estate brokers, for example, show properties to out-of-town clients. "you can put this robot in an apartment, and it will move around and
the obama administration says the country is not taking steps to afford recognized worker rights. the american held hostage by his own workers in china is free again. chip starnes, co- owner of specialty medical supples, went to china to lay off 30 employees as he moves a manufacturing division to india to lower production costs. employees demanded severance packages and back pay, and barricaded him inside the plant. on thursday morning, they reached an agreement and starnes was set free. the...
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111
Jan 25, 2013
01/13
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president obama nominates a new wall street watchdog. in today's cover story, manufacturing gets its first big boost in years. the goverment addresses boeing's battery problems... but questions remain. plus, inside california's luxury housing boom. and are banks just plain greedy? a look at the latest money grab in traders unplugged. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, january 25th. i'm angela miles. in today's first look: the dow climbs higher for the 5th straight session as apple takes down the nasdaq. the nasdaq fell 24 points. apple also played a role in holding down the s&p, which briefly crossed 1,500. apple shares tumbled $63 in trading yesterday. facebook founder mark zuckerberg is putting on a political face. he will host a fundraiser at his home february 13th for new jersey governor chris christie's re-election fund. and the post office is pushing up the price of a stamp by one penny to 46 cents starting sunday. scott shell
president obama nominates a new wall street watchdog. in today's cover story, manufacturing gets its first big boost in years. the goverment addresses boeing's battery problems... but questions remain. plus, inside california's luxury housing boom. and are banks just plain greedy? a look at the latest money grab in traders unplugged. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, january 25th. i'm...
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Sep 12, 2013
09/13
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with the foreign minister of russia on ways to resolve the syrian crisis.tuesday night when president obama spoke to the american people in prime time-- the president stressed he's willing to press forward with a diplomatic solution to end syria's use of chemical weapons... secretary kerry will meet with russia's sergey lavrov .. today and tomorrow. syria has agreed to a russian plan to give up chemical weapons. the obama administration makes it clear there has to be a a verifilable process under international control with timelines. more than 300 economists are urging president obama to nominate janet yellen to lead the federal reserve.the economists have signed a letter saying -- in their opinion she is the best possible leader for the fed and superbly qualified. more than 250 signers came forward in the first 24 hours that the open letter available on the institute for women's studies website. you can now add a suburban detroit hamburger and chicken take-out establishement to the debate on how much employees are paid for that sort of work and whether it should approach or in fact reaches
with the foreign minister of russia on ways to resolve the syrian crisis.tuesday night when president obama spoke to the american people in prime time-- the president stressed he's willing to press forward with a diplomatic solution to end syria's use of chemical weapons... secretary kerry will meet with russia's sergey lavrov .. today and tomorrow. syria has agreed to a russian plan to give up chemical weapons. the obama administration makes it clear there has to be a a verifilable process...
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May 3, 2013
05/13
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closer to home, president obama is turning to one of his fundraising friends to become the next commerce secretary. the president is nominating penny pritzker. her personal fortune is esimated at $1.8 billion. pritzker sits on the board of hyatt hotels, which was founded by her family. they also owned a bank that failed and a credit reporting agency. the president commends her for building companies from the ground up. the former chair of the the fdic says congress has yet to fully step up and fix the problem of "too big to fail" - big banks believing they can take risks and then expect the government to bail them out. "we need better constraints on the amount of leverage big banks have to have to fund their loans and investments." sheila bair says one answer is a bi-partisan bill from senators sherrod brown and david vitter requiring banks with more than a half-trillion dollars in assets, such as jp morgan chase, citigroup, b of a and others, to hold capital reserves of 15% - a much higher standard than exists today. a hedge fund founder is using tough talk to keep employees in line. cn
closer to home, president obama is turning to one of his fundraising friends to become the next commerce secretary. the president is nominating penny pritzker. her personal fortune is esimated at $1.8 billion. pritzker sits on the board of hyatt hotels, which was founded by her family. they also owned a bank that failed and a credit reporting agency. the president commends her for building companies from the ground up. the former chair of the the fdic says congress has yet to fully step up and...
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Jan 29, 2013
01/13
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president obama met with members of law enforcment to get their take on the gun debate. i welcome this opportunity to work with them, to hear their views about what would make the biggest difference to prevent something like newtown or oak creek from happening again 20 students and 6 adults were killed by gun fire in newtown connecticut.. talk of new rules on gun ownership is triggering a new round of supply and demand in the industry. kyle porter takes us the heart of texas. chris rhodes has a good problem. "they're buying everything." the president's recent proposal to ban certain assault weapons and high capacity clips has boosted business here "they're going crazy." like you wouldn't believe. "as you can see our shelves are almost empty." rhodes is co-owner of spring guns and ammo outside of houston. he says nearly 200 of his ar15 assault rifles have been sold since the tragic newtown connecticut shootings. he says people are buying them all up. "this is what the fuss is all about." his ar15's are all gone. this is similar to the one used in newtown. "hold trigger ba
president obama met with members of law enforcment to get their take on the gun debate. i welcome this opportunity to work with them, to hear their views about what would make the biggest difference to prevent something like newtown or oak creek from happening again 20 students and 6 adults were killed by gun fire in newtown connecticut.. talk of new rules on gun ownership is triggering a new round of supply and demand in the industry. kyle porter takes us the heart of texas. chris rhodes has a...
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670
Jan 27, 2013
01/13
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. >>> president obama has promised to hold wall street accountability in his weekly address today. >> we know that the free market works bet for everybody when we have smart, commonsense rules in place to prevent irresponsibility behavior. >> the president focused on his nominations of mary joe white to the securities & exchange commission and richard cordray as the continuing leader of the consumer financial protection bureau. the president said both are former prosecutors who will help protection american consumers and enforce the law. >>> iowa senate tom harkin announced he will not seek a sixth term. the democratic is 73-yards and said his age did play a role in his decision. president obama released a statement thank youing harkin for his service. >> today former republican vice-presidential candidate paul ryan called on members of his party to stick together and pick its fights carefully. the congressman perfect wisconsin says republicans should be prepared for president obama to try to delegitimize them during his second term. ryan said it's important that the g.o.p. does not a
. >>> president obama has promised to hold wall street accountability in his weekly address today. >> we know that the free market works bet for everybody when we have smart, commonsense rules in place to prevent irresponsibility behavior. >> the president focused on his nominations of mary joe white to the securities & exchange commission and richard cordray as the continuing leader of the consumer financial protection bureau. the president said both are former...
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162
Oct 18, 2013
10/13
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it was one of the first things president obama listed as priorities. "passing a buget, immigration reform, farm bill. those are three specific things that would make a huge difference in our economy right now." the farm bill comes up roughly every five years and revises u- s agriculture policy. this year's version reflects concern about climate change. many farmers want to expand federally-subsidized crop insurance by ten percent because of recent searing summer droughts. "production has become much more iffy. we went from the dust bowl until just recently with pretty benign weather. that's not been in the case in the last ten years." but 80-percent of the farm bill's funds go to the nation's anti-hunger program--food stamps.,and while the senate passed one version that cut eligibility. house members want ten times the cuts. the bill that passed the senate has stalled in the house since june. "there are a lot of republicans who see the foodstamp program as costing too much. if they cut back, we could save billions." forty-seven-point-eight million low-
it was one of the first things president obama listed as priorities. "passing a buget, immigration reform, farm bill. those are three specific things that would make a huge difference in our economy right now." the farm bill comes up roughly every five years and revises u- s agriculture policy. this year's version reflects concern about climate change. many farmers want to expand federally-subsidized crop insurance by ten percent because of recent searing summer droughts....